Real Estate Business Development Manager

Come join #StreamTeamPhilly, where we work hard, play hard! We’re a fast paced, fast growing, residential real estate developer in Philly. We are dedicated toward continually growing a high-performing team who share our core values: All In, Competitive, Opportunistic, Work Ethic, and Caring. We believe in focusing on what is "the right" thing to do in order to create a powerful, positive team culture and deliver a top-quality product! If you’re ready to join one of Philadelphia’s largest urban developers, we’d love to hear from you!

We are not your typical developer. With more than 14 years in the business, we are a fully integrated homebuilder and multi-family investor with in-house services including acquisitions, development/construction, finance/investor relations, sales/marketing, and a full-service warranty department that is always either an email or phone call away! Being an industry leader in the use of technology is our key competitive advantage as highlighted below:

· EXCLUSIVE SOURCING

o Private sourcing technology is capable of accessing thousands of off-market land opportunities.

o Algorithms have been built to focus land sourcing on business and-or market trends.

· OPERATIONAL EFFICIENCY

o Task-driven technologies are utilized to entitle and market with nominal overhead.

o Overhead supports both for sale and for rent business sectors.

· INDUSTRY FOREFRONT

o Consumer focused technologies are utilized to list and sell units prior to beginning construction.

The Real Estate Business Development Manager will help expand Streamline's multifamily portfolio with an emphasis on both value-add and ground up construction. The ideal candidate will have strong acquisitions experience in all parts of the acquisition process – from deal sourcing through closing.

The candidate should have at least 7 years of experience and a proven track record of success in real estate analysis and acquisitions. The Director of Acquisitions must have the ability to work independently and in collaboration with the rest of the acquisitions team and other Streamline team members.

The Director of Acquisitions has responsibility for sourcing, underwriting, and acquiring multifamily investment opportunities.

Experience transacting in Mid-Atlantic US markets preferred.

What You’ll Do:

• Managing acquisition process from deal sourcing through closing.
• Interfacing with the brokerage community and principals directly to source multifamily investment opportunities.
• Leading underwriting and recommending acquisition targets after researching properties, rent and sale comps, submarkets, demographics, physical characteristics and other pertinent information.
• Fostering and maintaining good working relationships with brokers, sellers, lenders, property managers and vendors to help facilitate acquisitions.
• Analyzing financing options and operating metrics. Preparing proformas and business plans for new acquisitions.
• In conjunction with asset management team, create and review capital budgets and business plans and coordinate with third party managers and other sources to help fully define and vet investment opportunities.
• Being the focal point of the due diligence process, including gathering and analyzing due diligence materials and coordinating third party reports. This includes verifying property details, market analyses, title/survey, rent comps, as well as completing property inspections, unit walks, lease file audits, and maintenance audits.
• Working with lenders to identify optimal debt strategies and negotiate debt documents.
• Familiarity with private investor capital legal structures and accounting treatment, as well as with institutional joint-venture structures and processes
• Writing clear and concise communications and draft Investment Memoranda for presentation to the firm’s Investment Committee.

Who you are:

• Minimum of 7 years in multifamily real estate acquisitions background with a proven closing track record.
• Experience transacting in Mid-Atlantic US markets preferred
• Bachelor’s and/or Master’s degree in Finance, Real Estate and/or Economics
• Highly proficient with Microsoft Excel including the ability to create complex financials models and waterfalls.
• Self-starter and highly motivated with the ability to multi-task.

Exact compensation may vary based on skills, experience, and location.

Total pay structure will be weighted heavily towards incentive comp. commensurate with track record.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Philadelphia, PA 19125: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor's (Required)

Experience:

• multifamily real estate: 5 years (Required)

Work Location: One location